Bumpas enterprises purchases 4562500 in goods per year

Reference no: EM13589687

Bumpas Enterprises purchases $4,562,500 in goods per year from its sole supplier on terms of 2/15, net 50. If the firm chooses to pay on time but does not take the discount, what is the effective annual percentage cost of its non-free trade credit?

Reference no: EM13589687

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